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2015 (2) TMI 822 - SUPREME COURTArbitration Clause in agreement - Arbitration under the provisions of the Bye-laws of India Companies Act, 1956 - Held that:- Upon perusal of the aforestated clause, it is clear that the clause with regard to arbitration is quite vague and as there are no by-laws framed under the provisions of the Companies Act, no arbitrator can be appointed. Needless to say that it would be open to the parties to take appropriate remedy in accordance with law.The arbitration petition is rejected.
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